$4.5 Billion Fraud Case: Court Adjourns Forensic Inspection of Exhibit in Emefiele’s Trial to January 2026

The Special Offences Court in Ikeja, Lagos, has adjourned the forensic examination of a key digital exhibit in the ongoing fraud trial of former Central Bank of Nigeria (CBN) Governor, Godwin Emefiele, to January 5 and 8, 2026.

Justice Rahman Oshodi issued the new dates on Friday, November 21, 2025, after the prosecution insisted at the last sitting that strict guidelines must govern the inspection of the device — marked as Exhibit I — including ensuring it is examined without any internet connection. Exhibit I is Emefiele’s mobile phone.

Justice Oshodi ordered that the inspection be conducted in the presence of both prosecution and defence counsel, as well as a certified forensic expert. The court registrar will supervise the entire process. He further directed that the device remain in the custody of the court for the duration of the trial, noting that the examination will be carried out using screen-mirroring technology.


EFCC’s 19-Count Charge

Emefiele is facing a 19-count charge filed by the Economic and Financial Crimes Commission (EFCC). The charges include receiving gratification, making corrupt demands, and abusing the powers of his office during his nine-year tenure as CBN Governor.

His co-defendant, Henry Omoile, faces three counts related to the unlawful acceptance of gifts as an agent. Both defendants have pleaded not guilty.


Background to the Trial

Godwin Emefiele, who served as CBN Governor from June 2014 to June 2023, has been the focus of multiple investigations since his suspension by President Bola Tinubu in June 2023.

Once credited for interventionist policies and attempts at economic stabilisation, his tenure came under scrutiny over alleged financial irregularities, controversial decisions — including the currency redesign policy — and claims of unchecked discretionary authority.

The current case centres on allegations that Emefiele oversaw illicit financial flows amounting to about $4.5 billion, allegedly diverted through CBN channels. The EFCC also accuses him of soliciting and receiving bribes from private individuals and companies seeking regulatory approvals or access to foreign exchange windows.

Emefiele was first arrested in 2023 and has since faced multiple charges, including procurement fraud and abuse of office. While some earlier charges were withdrawn, the EFCC consolidated fresh allegations into the current 19-count indictment before the Lagos court.


Significance of the Mobile Phone Examination

The court-ordered forensic inspection of Exhibit I is expected to be pivotal in establishing the authenticity of digital communications, financial records, and transactions linked to the alleged offences.

With the device now central to the prosecution’s case, the January 2026 examination is anticipated to be a major turning point in the trial.

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